Sebi offers a way over FPI tax rule hurdle
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Click here to Post your Query >>5986 unanswered question(s) — Showing 3701–3720
| Que. Id | Date | Description |
|---|---|---|
| 7646 |
Sep. 15 2007 |
Presumptive Income –
(Profits & Gains of Business & Profession)
If a person is havg a Heavy Vechile and files his come TAx urn for Rs. 42000,-on the basis of Sec. 44AE with Rs 3,- @ 12 Months,of the IT Act. But his actual Receipts from truck is around Rs.10cs PA and also TDS has been deducted. He cims Refund for the amount of TDS so deducted. Is ITO could reject the urn and make additions? ' BY: sudeep kimtee No answers yet View Answers | Post Answers |
| 7648 |
Sep. 15 2007 |
foregn citizen can invest in immoveable property –
(MISC.)
Dear colleagues, I would like to know whether Foregn Citizens can v Immoveable property dia.If yes what are the procedures.Is RBI permission is compulsory.Which forms shall be used and which office like Delhi or Mumbai will permit. CA. U.k.sha ' BY: umesh kumar sinha No answers yet View Answers | Post Answers |
| 7649 |
Sep. 15 2007 |
TDS on payment made to PSU Like Rites etc. –
(TDS/TCS)
Payment made to Rites or other PSU for pection charges,whether should be subjected to TDS. If yes under which section.If not by virtue of which circur. ' BY: Arun K. Aggarwal No answers yet View Answers | Post Answers |
| 7637 |
Sep. 14 2007 |
FEMA –
(MISC.)
One of the client has availed an ECB loan from a fancial stitution (FI). The Bank,FI took USD 10000.0 on account of payment of certa legal fees for documentation and other misc purpose. After a year the bank came up with the struction that out of the USD 10000.00 only USD 2 have been used and bance is lyg the account with the branch. One year ago the client have submitted a decration of USD 10000.0 with the RBI. Now whether gettg back USD 7 would be a viotion of FEMA regution. How to regurise the same under FEMA. ' BY: Harkesh Sharma No answers yet View Answers | Post Answers |
| 7638 |
Sep. 14 2007 |
Writting off Advance to Supplier –
(AUDIT)
Dear Freds, Fabric is Raw rial to us. We have made an Advance Payment of Rs. 5 cs to one of the Fabric Supplier.The Supplier quion has gone out of busess and Advance Payment is no longer recoverable. Passg an Entry :- BadDebts - Dr To Party does not seems to be correct as the Part was not a Debtor to us. Please sugg me correct entry. Regards ' BY: Bhuvnesh No answers yet View Answers | Post Answers |
| 7639 |
Sep. 14 2007 |
Applicability of Nature of TDS on Dubbing of Movies –
(TDS/TCS)
A company called X Ltd. pays to Y Ltd. dubbg charges for its programmes & movies. Whether such dubbg charges are subject to tax deduction at source u,s 194J (beg a professional fees) or u,s 194C, the nature of work beg a contract between X Ltd. & Y Ltd? ' BY: LALITKUMAR C. VYAS No answers yet View Answers | Post Answers |
| 7643 |
Sep. 14 2007 |
TDS on Provision for Audit fees –
(DIRECT TAXES)
Whether TDS is required to be deducted on provision made for Audit Fees, case Audit fees is falised after 31st May. my opion if we credit the amount of fees to provision for audit fees on 31,03,07. Then the liability to deduct TDS arises only when we credit the fees amount subsequent year to auditors account or make payment to them (by debitg provision for audit fees) whichever is earlier . ' BY: Bhaskar Singh No answers yet View Answers | Post Answers |
| 7633 |
Sep. 13 2007 |
Advance Tax on 15th September –
(DIRECT TAXES)
15th Sept is the due date for payment of Advance Tax, But 15th is the holiday due to Vayaka Chaviti Holiday, 16th is Sunday, Can we pay it on Monday 17th Sept As per Circur 674 of CBDT ' BY: sudhakar Reddy S No answers yet View Answers | Post Answers |
| 7636 |
Sep. 13 2007 |
ITR 5 –
(FINANCIAL MANAGEMENT)
the urn form where to show the items remuneration to partners and ter on capital paid to partners ? ' BY: c m sane No answers yet View Answers | Post Answers |
| 7625 |
Sep. 12 2007 |
Prescribed limit for Unsecured Loans in case of Private limited Company –
(CORPORATE & OTHER LAWS)
Is there any limit prescribed by Companies Act ion to unsecured loan upto which a company can borrow ? If so what is the limit, case company borrows from its shareholders or directors and case of outrs. ' BY: Subhash Singhal No answers yet View Answers | Post Answers |
| 7626 |
Sep. 12 2007 |
Previous Year for the Purpose of Tax Audit –
(DIRECT TAXES)
Assessee co.has made its accounts for 13 months (01.02.06 to 31.03.07)beg its 1st year. can tax audit be done for 13 months on the basis of the audited a,cs of 13 months or it can be done for only 12 months (keepg view the provisions of section - 3 of the IT Act, and if so, does the co. need to get its a,cs audited (under the Co.s Act) for 12 months separately. ' BY: ASHISH BHALOTIA No answers yet View Answers | Post Answers |
| 7629 |
Sep. 12 2007 |
Statement on Subsidiary Co., –
(CORPORATE & OTHER LAWS)
Is a holdg co.(pvt) has to prepare consolidated fancial statements to get attached to Form 23AC? Published annual accounts of public ltd companies always have such statements. But Section 212 demand the attachement of subsidiary cos BS, PL, AR, etc. only. Please guide me as to the actual requirement. ' BY: Balavenkatesan N No answers yet View Answers | Post Answers |
| 7630 |
Sep. 12 2007 |
Debit Notes on Services Billed –
(DIRECT TAXES)
A software company based dia raised voices (based on time and rial consumption) to its customer abroad durg March 2007. But the major portion of the service those voices were rejected on technical grounds and the payment was refused. The dian Company has to raise debit notes agast such rejected voices. Whether the debit notes can be raised dated durg March 2007 itself. ' BY: Balavenkatesan N No answers yet View Answers | Post Answers |
| 7615 |
Sep. 11 2007 |
Material Purchase againgst C form –
(VAT/Sales Tax)
xyz ltd. a construction co.executg construction of roads the panjab state on BOT basis.company has purchased major rial agast C form from other state.such C Form issued by the panjab state govt. but the panjab there is no vat liablity arise because company will collect revenue from toll collection after construction of roads through toll collection from public .so,govt. demands there is no come from your company. so why issue c form to company ? and also they demands the to pay local tax (vat) on C form purchases.such purchases does used resell purpose or manufacturg.at the time of transfer of property to govt.,govt. do not pay any sales conration to company because this is BOT contracts. our query is what the exact provision CST.& also sugg any case ws. ' BY: SHAILENDRA RASIKLAL KOTHARI No answers yet View Answers | Post Answers |
| 7616 |
Sep. 11 2007 |
Audit of IT companies –
(AUDIT)
What is the procedure of dog IT companies audit? ' BY: simpa No answers yet View Answers | Post Answers |
| 7619 |
Sep. 11 2007 |
Gross Receipt in case of Speculation Business –
(AUDIT)
I wish to know how to determe the Gross Receipt case of spection busess havg Future and options, share tradg, etc. ' BY: CA. G. K. RAO No answers yet View Answers | Post Answers |
| 7613 |
Sep. 10 2007 |
TDS DEDUCTED ON RENT –
(TDS/TCS)
SIR, MY CLT PAID RENT Rs 30000 AND 3708 SERVICE TAX TOTAL RENT FOR THE MONTH IS 33708. TDS TO BE DEDUCTED ON Rs 30000 OR 33708 @ 15.45%. ' BY: GOPAL RATHI No answers yet View Answers | Post Answers |
| 7614 |
Sep. 10 2007 |
payment of FBT by firm assesseed u/s 44AD –
(DIRECT TAXES)
A partnership firm engaged civil construction contracts offers its come for taxation purpose under 44AD on presumtive basis. No books of account are mataed. How the firm will determe its liability under FBT and how it will be asseessed and verified by AO ' BY: SHankar SIngh No answers yet View Answers | Post Answers |
| 7608 |
Sep. 09 2007 |
Is TDS deductible on tractor given on rent to educational institution. –
(DIRECT TAXES)
One of my client has given tractor to an educational stitution on rental basis for its bulidg construction purposes. As per come tax Act Tractor is not a commercial vehicle.So payment for such hirg is chargeable to tax or not .If yes under section 194(c)or 194 (i).please crify With thanks Yours pksahoo 9.09.2007 ' BY: Prasanna Kumar Sahoo No answers yet View Answers | Post Answers |
| 7609 |
Sep. 09 2007 |
DEFAMATION OF CAs –
(MISC.)
RECENLY NAACO ASKED EOI FROM CA FIRMS FOR EMPANELMENT OF AUDIT BUT POT NO 11 OF APPLICATION FORM,THEY ARE ASKG WHETHER THE CA FIRM IS CONDUCTG AUDIT BASG ON STANDARD AUDITG PRACTICES.IS IT CORRECT? ISNT IT DEFAMATION TO CAs ? IT IS PRESUMED THAT ALL CAs CONDUCT AUDIT BASG ON STANDARD AUDITG PRACTICES.PL EXPRESS YOUR VIEW AND THE MATTER SHOULD BE BROUGHT TO THE NOTICE OF ICAI PRENT ' BY: NAWAL KISHORE MAHATO No answers yet View Answers | Post Answers |
